Robert W. Baird Cuts LKQ (NASDAQ:LKQ) Price Target to $50.00

LKQ (NASDAQ:LKQ) had its target price decreased by Robert W. Baird from $54.00 to $50.00 in a report released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the auto parts company’s stock.

LKQ has been the subject of several other research reports. Roth Mkm reissued a buy rating and set a $65.00 price objective on shares of LKQ in a report on Thursday, July 25th. Barrington Research reissued an outperform rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, July 25th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $60.80.

LKQ Stock Performance

NASDAQ:LKQ opened at $40.16 on Friday. The stock has a 50-day moving average price of $42.37 and a 200 day moving average price of $46.48. The stock has a market capitalization of $10.57 billion, a P/E ratio of 13.04 and a beta of 1.29. LKQ has a 12-month low of $35.57 and a 12-month high of $55.52. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that LKQ will post 3.59 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Activity

In related news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following the transaction, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Justin L. Jude acquired 2,500 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. The disclosure for this purchase can be found here. Insiders purchased 13,084 shares of company stock valued at $521,096 in the last ninety days. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Large investors have recently bought and sold shares of the business. CVA Family Office LLC bought a new stake in shares of LKQ during the fourth quarter worth $26,000. Private Trust Co. NA lifted its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after buying an additional 225 shares during the period. Quarry LP grew its stake in LKQ by 65.1% in the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 355 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of LKQ during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.